Chinese Company YIG Eyes SEZ Opportunity Near Siem Reap Angkor International Airport
In a move that could significantly bolster Siem Reap’s economic landscape, YIG, a major Chinese investment firm, has expressed interest in developing a special economic zone (SEZ) near the newly constructed Siem Reap Angkor International Airport. This interest was conveyed during a meeting on 17 May 2024 between HE Chea Vuthy, Secretary General of the […]
Kampot Unveils Plans to Enchant Tourists with Floating Market and Beach Developments
In a bid to solidify Kampot’s position as a premier tourist destination, provincial authorities have unveiled a series of captivating projects, including a floating market and pristine beach developments, according to the Ministry of Information on 17 May 2024. These initiatives aim to broaden Kampot’s tourism offerings, catering to both domestic and international visitors. Inspired […]
MinebeaMitsumi to Invest Over US$320 Million in Expanding Operations in Cambodia and Thailand
Japanese electronics supplier MinebeaMitsumi has announced plans to invest 50 billion yen (US$321 million) to build a new factory in Cambodia and expand a solar power plant in Thailand. This report was published by NIKKEI ASIA on 10 May 2024. MinebeaMitsumi will allocate 32 billion yen (over US$205 million) to construct a new factory in […]
Cambodia Attracts US$309 Million in Investments with 22 New Projects in April
In April 2024, Cambodia witnessed a surge in investment activity as the Council for the Development of Cambodia (CDC) greenlit 21 fresh investment ventures alongside one expansion project, collectively valued at an impressive US$309 million. This influx of investment is poised to generate approximately 23,000 employment opportunities, marking a significant boost to the country’s economic […]
Virak Buntham Unveils Ambitious Plan to Transform Koh Sneh Beach into Premier Tourist Destination
Virak Buntham, a prominent player in Cambodia’s tourism sector, has announced a significant investment in the development of Koh Sneh Beach, located in Khemarak Phoumin City, Koh Kong Province. The company aims to elevate the beach into the premier tourist destination in the province, unveiling plans for extensive resort development and recreational facilities. Neak Oknha […]
Second Conch Cement Factory in Battambang Worth US$ 253 Million Reaches 85% Completion
The construction progress of the second Conch Cement Factory in Battambang province, valued at US$253 million, has reached a significant milestone, with approximately 85% of the project now complete. Scheduled for an official inauguration in September 2024, this development marks a crucial step forward in Cambodia’s cement manufacturing sector. The update was shared via a […]